Turkish construction companies undertook projects worth nearly $4.63 billion in the first half of 2022, data showed Sunday.
The companies took on some 132 projects that had an average cost of over $35 million, Anadolu Agency (AA) said, citing data compiled from Trade Ministry.
Since they took on their first contract overseas in 1972, the builders have undertaken more than 11,273 projects in 131 countries. The total value of the projects has reached more than $458.4 billion.
Over recent years, their businesses were delivered a heavy blow by geopolitical instability and uncertainties in multiple markets.
The size of the 354 projects they took on abroad in 2020 dropped to $15.9 billion, mainly due to measures to curb the coronavirus pandemic.
The figure rebounded to some $30 billion last year, as many countries eased the COVID-19 lockdowns.
Currently hit by sweeping sanctions over its invasion of Ukraine, Russia has been Turkish builders’ top market, accounting for 20.8% of all projects to date, whose size has reached around $94.5 billion.
Turkmenistan and Iraq follow with 10.9% and 6.9% share. Projects in the two countries have a total size of nearly $50 billion and $31.7 billion, respectively.
Libya, Kazakhstan and Saudi Arabia are among other markets where Turkish builders have undertaken the most projects, Daily Sabah reports.
See all the news
What regime of sanctions applies to Russian oil and what requirements Georgia has to comply?
Financial Services in CAREC
#TheCheckpoints: TIWB & Georgia - Interview with Rusudan Kemularia, Head of TIWB Secretariat
#TheCheckpoints: The Professional - Demnagram_Story of Saba Bakhia
#პროფესიონალი: საბა ბახია
Stoli® Group to Release Limited-Edition Bottle in Support of the Ukrainian People
როგორ მოხვდა 17 წლის ანასტასია ლელაძე ჰარვარდში? - ანასტასია ლელაძე ქალების ნარატივში
"Literally the whole village was waiting for the first harvest of strawberry" - Kvitsiani family from Svaneti
Aliyev replaces long-serving central bank head with loyalist
Putin imposes visa restrictions on citizens from 'unfriendly' countries
BMG-ს მედია რუბრიკა: #პროფესიონალი - გიორგი მიქაია
ყველაზე სანქცირებული რუსი ოლიგარქები
Business Leaders Council by USAID and Georgian Business
ვინ არის მსოფლიოში #1 სნაიპერი “Wali”?
ბინების ქირის ფასი 50%-მდე გაიზარდა
OECD formally terminates the accession process of Russia
"Today we are all Ukrainians"- Zurab Pololikashvili
საქმიანი დილა - 25.02.2022 - გადაცემა სრულად
Tourism is the main bridge for building understanding - ZURAB POLOLIKASHVILI